Bitcoin (BTC) Tumbled to a 5-Month Low, Altcoins Perform Even Worse (Market Watch)

The cryptocurrency market has been bleeding out in the last 24 hours, with the total capitalization plummeting to as low as $2.07 trillion , its price sank under $54,000 for the first time since February. Its downfall negatively impacted numerous over-leveraged traders, while total liquidationsa substantial amount of its Bitcoin holdings and the impending repayment of creditors of the now defunct crypto exchange Mt. Gox.over 140,000 BTC . The exchange has recently moved over $2.

It will be interesting to see whether the leading digital asset can return to the green track in the following days or whether bears will remain in charge and suppress the valuation even more.Leading alternative coins, such as Ripple , Binance Coin , Cardano , and many more, have charted much more substantial losses than BTC. Ripple’s native token, for one,market capitalization. Some of the poorest performers include Dogecoin , Shiba Inu , Pepe , Floki Inu , Brett , and others.

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